We haven't believed Sisu, we haven't believed ACL, we haven't believed the council, yet we are going to take what Wasps say as gospel?
Wasps say that won't happen, but yet they also said they wouldn't change the seating colour, yet a lot on here now believe they will. Words are just words. this is the business world and words are cheap.
We haven't believed Sisu, we haven't believed ACL, we haven't believed the council, yet we are going to take what Wasps say as gospel?
Wasps say that won't happen, but yet they also said they wouldn't change the seating colour, yet a lot on here now believe they will. Words are just words. this is the business world and words are cheap.
It's a theoretical situation. I asked it because I can't see Wasps selling any part of the Ricoh to SISU and therefore, the best option, in my opinion, seems to be having our own new stadium! It's also upto people what they consider to be viable, but I'd suggest within 5 miles of the city centre.
That's not the question
Yes but why would Wasps let 50% of ACL go, the only benefit to letting 50% go is that they is get a lump sum payment if they are struggling for cash. And they've just received a 35 million cash injection so they aren't exactly short on cash at this point in time. Maybe in 7 years when they need to pay that 35 million back, then they may be looking for cash and there could be potential for a deal but are we prepared to wait in limbo for 7 years on the chance they might need to sell 50% of ACL.
So what's the answer then? Presume wasps are lying, sign a 100 year contract in the hope they might one day allow us to buy in?
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Which is why the council should be doing everything to accommodate a new stadium in Coventry.As you've said many a time stu, we're between a rock and a hard place.
Stay at the Ricoh and just drift along, or seemingly build a much smaller stadium a lot further away and probably end up with losing thousands of fans in the process.
There is no easy answer and I think we all know there isn't.
to be honest, i think the polls a waste of time, as ccfc92 and i suspect others have voted no as they don't believe there is a viable option so therefore not answering your hypothetical question.
As you've said many a time stu, we're between a rock and a hard place.
Stay at the Ricoh and just drift along, or seemingly build a much smaller stadium a lot further away and probably end up with losing thousands of fans in the process.
There is no easy answer and I think we all know there isn't.
Does anyone have the rough details of the current contract?
Rent and revenues etc?
they will probably offer to sell us half of ACL in 7 years time for £35m as they'll need the cash to pay back all those sad saps who invested.
100k rent + match day costs (probably comes out close to 400k all together)
50% of football match day revenue
Does anyone have the rough details of the current contract?
Rent and revenues etc?
to be honest, i think the polls a waste of time, as ccfc92 and i suspect others have voted no as they don't believe there is a viable option so therefore not answering your hypothetical question.
100k rent + match day costs (probably comes out close to 400k all together)
50% of football match day revenue
the current deal (1 year plus 2 additional) is £100k rent (plus matchday costs), and 50% matchday profits, which a rough guestimate would be about £23k (less vat and costs) car parking and about £35k F&B's income
And these low amount of incomes are supposed to be why we need to spend minimum 30m to build a stadium.
And these low amount of incomes are supposed to be why we need to spend minimum 30m to build a stadium.
they're low because of the compass contract. EIC (sp?) only make around 12% profit on F&B's. remember though they're not the only extra income from stadium ownership/leasehold - we only get pitchside advertising but if own/leasehold then you have stadium sponsorship, stand sponsorship, all f&b's and parking plus cost control, advertising outside the ground, meetings/weddings/conferencing, lease out office space,etc, sell bits of land, etc. plus asset level in your accounts, and something to sell when a new owner comes along.
And you'd trust SISU to market all this?
They can't even market the club adequately.
they're low because of the compass contract. EIC (sp?) only make around 12% profit on F&B's. remember though they're not the only extra income from stadium ownership/leasehold - we only get pitchside advertising but if own/leasehold then you have stadium sponsorship, stand sponsorship, all f&b's and parking plus cost control, advertising outside the ground, meetings/weddings/conferencing, lease out office space,etc, sell bits of land, etc. plus asset level in your accounts, and something to sell when a new owner comes along.
probably not, but then again my initial post said i can't see a long term future at the ricoh, and when i say that i mean 10-15 years time. I cant see sisu still being here then
Plus full upkeep of your own stadium. Then you have repayments for the loan to build it.
You will be amongst the first to say that the repayments that Wasps will have to make are similar to what we would have to lend. So That would be another 2m plus a year.
Whilst down where we are it isn't viable. That is why no land has been identified yet. I want us to own our own stadium. But SISU messed up our only chance of doing it in an affordable way. So we will have to wait until our income improves vastly before considering it seriously.
Does anyone have the rough details of the current contract?
Rent and revenues etc?
Why are other lower league clubs planning new builds then -- how will they afford it?
Yes ive got the contract on my laptop, we pay rent and get fuck all revenues
1, They have somewhere to sell where the land is more valuable than where they are moving to.
2, They are not run by SISU.
Apparently we now get 50% of our matchday revenue. So.....
Why are other lower league clubs planning new builds then -- how will they afford it?
I'm going to ask you a very simple question, Grendel.
Do you believe, that a new stadium, in our current financial state, and potential revenue, will be viable.
(If SISU are to be believed, the new stadium will be further away from Coventry city centre than the Ricoh)
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